Preferred Stock Dividends Edgefield Corporation has issued 10%, participating, cumulative preferred stock with a total par value of $22,000 and common stock with a total par value of 566,000 Therefore, the preferred stock par value is 1/4 and the common stock par value is 3/4 of the total par value. Edgefield intends to distribute cash dividends of $14,000, and there are no dividends in arrears. What is the dividend distribution to each dass of stock if the preferred stock is fully participating? Preferred Common Dividends to each class of stock $ $ Preferred Stock Dividends Edgefield Corporation has issued 10%, participating, cumulative preferred stock with a total per value of $22,000 and common stock with a total par value of 566,000. Therefore, the preferred stock par value is 1/4 and the common stock par value is 3/4 of the total par value. Edgefield intends to distribute cash dividends of $14,000, and there are no dividends in artears. What is the dividend distribution to each class of stock. If the preferred stock is fully participating? Preferred Common Dividends to each dass of stock $ $